Deutsche Bank AG Reduces Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Deutsche Bank AG lessened its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,339,516 shares of the company's stock after selling 1,002,727 shares during the period. Deutsche Bank AG owned 0.23% of Xcel Energy worth $90,444,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of XEL. Dakota Wealth Management increased its holdings in Xcel Energy by 0.7% in the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company's stock worth $1,562,000 after buying an additional 151 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after acquiring an additional 151 shares during the period. GenTrust LLC raised its holdings in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company's stock valued at $243,000 after purchasing an additional 155 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Xcel Energy by 23.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after purchasing an additional 156 shares during the last quarter. Finally, Integris Wealth Management LLC lifted its position in Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock valued at $427,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on XEL shares. StockNews.com upgraded shares of Xcel Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Morgan Stanley set a $79.00 price objective on Xcel Energy and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. UBS Group boosted their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. BMO Capital Markets increased their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Finally, Barclays lifted their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $76.00.

Insiders Place Their Bets

In related news, Director Devin W. Stockfish bought 2,170 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the acquisition, the director now owns 3,007 shares in the company, valued at $207,272.51. This trade represents a 259.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

Xcel Energy Trading Up 0.6%

Shares of XEL opened at $70.56 on Monday. The stock has a market capitalization of $40.70 billion, a PE ratio of 20.51, a P/E/G ratio of 2.62 and a beta of 0.38. The company's fifty day moving average is $69.61 and its 200 day moving average is $68.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The business's quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, March 14th were paid a dividend of $0.57 per share. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, March 14th. Xcel Energy's payout ratio is presently 67.06%.

About Xcel Energy

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.

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